HOUSE BILL 305

57th legislature - STATE OF NEW MEXICO - second session, 2026

INTRODUCED BY

Patricia Roybal Caballero

 

 

 

 

 

AN ACT

MAKING AN APPROPRIATION TO THE BOARD OF REGENTS OF THE UNIVERSITY OF NEW MEXICO FOR THE BUREAU OF BUSINESS AND ECONOMIC RESEARCH TO CONDUCT A STUDY TO DETERMINE THE GENERAL FEASIBILITY OF CREATING A PUBLICLY OWNED ELECTRIC UTILITY.

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

     SECTION 1. APPROPRIATION.--One hundred fifty thousand dollars ($150,000) is appropriated from the general fund to the board of regents of the university of New Mexico for expenditure in fiscal year 2027 for the bureau of business and economic research to study the general feasibility of state acquisition and operation of an electric utility for the purpose of creating a publicly owned electric utility. Any unexpended balance remaining at the end of fiscal year 2027 shall revert to the general fund.